This information is for the 2019/20 session.
Teacher responsible
Dr. Ricardo Alonso
Availability
This course is compulsory on the Executive Global MSc in Management. This course is not available as an outside option.
The information in this course guide pertains to the 2019-2021 cohort.
Course content
A graduate-level introduction to the foundations of managerial economics and its application to high-level business decisions. Topics include:
1. Economics as a theory of organisation.
2. Demand, supply, and equilibrium: the determinants of consumers' and firms' market responses, the nature of non-strategic interaction, government intervention, international trade
3. Externalities and market failure
4. Strategic interaction and Game Theory
5. Choice under uncertainty: attitudes towards risk
6. Information and efficiency: adverse selection
7. Price discrimination: nonlinear pricing, social economics
8. Horizontal and Vertical Differentiation
9. Competition
Teaching
Scheduled over two modules. Nine 3.5 hour sessions plus two review sessions.
The course will run between the following dates:
Formative coursework
Students will be expected to produce 1 problem set in the MT.
Indicative reading
Optional textbook: B. Douglas Bernheim and Michael D. Whinston, Microeconomics, McGraw Hill, 2008. Further readings will be provided at the beginning of the course.
Assessment
Coursework (20%), class participation (15%) and take home exam (65%).
Key facts
Department: Management
Total students 2018/19: Unavailable
Average class size 2018/19: Unavailable
Controlled access 2018/19: No
Value: Half Unit